Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-11-25
ON CHANGE.
Spot Cotton Unchanged and Futures
from Two to Ten Points Higher.
Money Market Easy.
wheat Opened Steady, Advanced and
Closed Higher-Liva Stock Trans.
actions Were Brisk.

Daily Review.
GAZETTE OFFICE,
FORT WORTH. TEX, Nov. %, 1887.
The quantity of cotton coming in these
days is less than has come in during the
fail, each day. The greater part of the
crop has been marketed, which accounts
for the gradually diminishing receipts.
Prices paid to-day ran from Y to SIC.
Gr0cerYmen ell report frst-class bust
ness. One merchant told reporter to-
day that the retail business has been bet
ter during the past two weeks than it has
been before in six months. Wholesalers
have been very busy, too, until to-day,
when they felt little slackening.
Hides are coming in very rapidly, this
being considered as q good season tor
beef hides by Fort Worth dealers.
The feedstuffs market continues brisk.
Eggs are still very scarce and hold at
Is cents.
THE MONEY MARKETS.
The feeling for the past week has be-
come more conservative, rates having
stiffened to some extent, and harder
money market is anticipated, though no
decided apprehension is expressed on
this score. The active and advancing
stock market has increased the demands
for money, and, with the decreasing Oank
reserue, has augmented the desire of
borrowers to put themselves in easy po-
sition until after the first Of the year, it
being generally felt that demands will
increase until that period is passed. The
similar conditions existing in several of
the leading eastern centers seem
to increase this tendency at New
York. The inflow Of gold from
abroad has practically ceased,
and the operation Of the treasury in draw
ing in money eXerts more or less effect
in spite of the fact that the increase of
government deposits with the banks con-
tinues, and that large amounts OF bonds
are still going into the treasury against
such deposits. The failure Of Toronto
bank apparently had no effect upon the
New York money market, though it may
create temporary conservatism on the
part of the Cgnadisn coTporatlops, which
are large lenders here The activity OF
the stock market and the large
advance in values has Of course
increased the demands OF Wsl street,
Snd loaning rates for bankers bal
ances on the stock exchange have ranged
from to per cent, with the average at
to per cent which rates have gsper-
ally prevailed with institutions The
fact that the Clancy stocks" have TO some
extent shared in the appreciation he's lit
tie effect SO far as rates are concerned, by
reason Of q general exercise OF care on
the part Of borrowers in making up losns,
so as not to invite discrimination against
collateral. Time money at New York is
less plentiful, and the general desire OF
borrowers 20 secure themselves for
the next sixty days occasions
considerable demand for that
class of loans, for which, on first
class collateral, 81 per cent. is paid, with
per cent for good mixed securities al
sixty and ninety days. time. Loans on
governments are still low. Commercial
paper is very quiet. the falling off in the
demands OF mercantile borrowers resulting
in scarcity of paper, while increased
demands from Wall street have generally
turned the attention Of lenders in that
dir, ction; 81 and per cent. seems TO be
the lowest rate for tirst-class names with
city institutions. In some quarts RS
country banks are still purchasing paper,
end Instances are recorded Of good west
ern single name paper beng placed at 6!
per cent Bradstreet's.